‘Historic Settlement’: Bankrupt Crypto Lender Genesis To Repay $2 Billion To Alleged Defrauded US Investors
Bankrupt lender Genesis has agreed to repay $2 billion to investors it allegedly defrauded across the United States, New York prosecutors announced Monday. New York Attorney General Letitia James said the agreement will create a victims’ fund that will benefit hundreds of thousands of investors and creditors, including at least 29,000 New Yorkers. The settlement, […]
Check if You Are Eligible to Receive Payment as Part of Apple’s $35 Million iPhone Settlement
Apple is offering a settlement of up to $349 to U.S. residents who experience audio issues with their iPhone 7 or 7 Plus between September 16, 2016 and January 3, 2023. CBS News report The tech giant announced that it has set aside $35 million in compensation for users who reported covered audio issues to […]
DOJ says Boeing violated $2.5B settlement to avoid prosecution
The Department of Justice (DOJ) told a federal judge on Tuesday that Boeing violated a settlement that granted immunity from criminal prosecution following two 737 Max plane crashes several years ago. The Justice Department now needs to decide whether to press charges against the airline giant, according to the Associated Press. Prosecutors plan to notify […]
3 Native American tribes seeking Colorado River water rights in $5B settlement
A water rights settlement between three Native American tribes that is more expensive than any treaty enacted by Congress took a major step forward late Monday when it was submitted to the Navajo Tribal Council. The Navajo Nation has one of the largest unresolved claims in the Colorado River Basin, and a special legislative session […]
Pfizer Reaches Settlement Agreement On 10,000 Lawsuits Linking Zantac Medication To Cancer
(Photo courtesy of Mario Tama/Getty Images) James Myers of OAN1:32 PM – Wednesday, May 8, 2024 Pfizer has agreed to financially settle 10,000 lawsuits alleging that the drug company failed to disclose to patients that its heartburn drug Zantac may have cancer risks. advertisement This also comes after Texas Attorney General Ken Paxton sues Pfizer […]
New Mexico reaches record settlement with company over natural gas flaring
New Mexico has reached a record settlement with a Texas-based company over air pollution violations at a natural gas gathering site in the Permian Basin. The $24.5 million agreement with Ameredeff announced Monday is the largest settlement ever reached by the state Department of Environmental Protection for private oil and gas violations. This is due […]
Supreme Court won’t hear Elon Musk’s Tesla tweets SEC settlement appeal
The U.S. Supreme Court on Monday ruled on Elon Musk’s lawsuit seeking to throw out part of a securities fraud settlement with the Securities and Exchange Commission that would limit the billionaire businessman’s public comments about electric car company Tesla. He refused a hearing. The justices rejected an appeal of a lower court’s decision to […]
Philips shares rocket up after settlement of US respiratory device recall – Yahoo Finance
AMSTERDAM (Reuters) – Shares in Philips soared early on Monday after the medical device maker announced a smaller-than-expected settlement to resolve claims related to recalled U.S. ventilators. Philips announced it has agreed to pay $1.1 billion to resolve all personal injury claims filed in the United States, ending uncertainty that has depressed its market value […]
DOJ settlement with Larry Nassar victims could benefit Epstein accusers
The FBI’s $139 million settlement with more than 100 victims of disgraced Dr. Larry Nassar sets a precedent that could improve the chances of success for Jeffrey Epstein’s accusers in similar cases. Experts say it is possible. “I think the Nassar settlement bodes well for Epstein,” said Neema Rahmani, a Los Angeles-based trial lawyer and […]
NYC to pay $2.1M in ‘Toxic whiteness’ discrimination settlement
The city will pay a total of $2.1 million to three white Department of Education executives who were demoted under former Superintendent Richard Carranza and replaced by less qualified people of color. Royce Herrera, Jay Murray, and Laura Feijou (who will each receive $700,000), the judge ruled, “provided evidence of race-based discrimination at Carranza’s DOE.” […]